In a statement today, Malaysia Airlines said passenger load factor fell to 68.6% in the second quarter ended June 30, 2016 (2QFY16), from 68.9% in 1QFY16.

During 2QFY16, Malaysia Airlines said it had more passengers at 3.3 million versus 3.2 million in the preceding quarter.

"As expected, the second quarter was weaker due to seasonality, with revenue down quarterly due to soft demand during Ramadan.

"Overall, the airline and the group are expected to record a loss for this fiscal year, but management remains confident that both will meet and potentially surpass targets, based on the traction gained in the turnaround efforts thus far," Malaysia Airlines said.